[Stock Trader One]

One of the reasons that 90% of traders lose, especially with forex, is due to not trading/concentrating on 1 or 2 assets, such as the EUR/USD at 1 time, rather than 5 or more.

This approach would at least maximize your attention span on the top assets, increasing your chances of earning profit.

[PiptopiaX]

Why Do More Than 90% of Traders Lose?

Simple answer: They don't.
The "Traders" referred to were never Traders to begin with.

The question posed by the Article, and found on countless "Trading Forums" should be:

Why do 90% of PEOPLE who attempt Trading lose?. If 90% of people who attempted to perform surgery, without benefit of a Medical Education failed, would it be correct to say "90% of Surgeons fail"?

[bobcollett]

Originally Posted by peterjerome »

Re: Why Do More Than 90% of Traders Lose? interesting thread.

so...if 90% are losing, 10% must be winning?
seems reasonable some of those 90 percenters are on this board sharing their secrets.
are there any ten-percenters here too?
if only there was a way to tell the difference.

perhaps we generate the results we think we deserve.

peter

WISE words Peter
bobc

[emg]

Originally Posted by MightyMouse »

Emg,

Could you please post the whole link? the one you posted does not open properly.

MM

Foreign currency trading is an easy way to lose money - Los Angeles Times


the link

[MightyMouse]

Originally Posted by emg »

Foreign currency trading is an easy way to lose money - Los Angeles Times


the link

Thank you for reposting.

[noego]

Simple answers. Not everyone is cut out for it but everyone who trades think they are. Not everyone is willing to put the time in to learn and watch in a LIVE market (they spend their time back testing and looking at charts from right to left instead of from left to right). Not everyone is willing to admit that it is their lack of discipline to wait for proper setups that causes their huge draw downs. The 10% who make it have paid the price in time (10,000 hours or more) and money....They have EARNED it.

[peterjerome]

Originally Posted by noego »

...The 10% who make it have paid the price in time (10,000 hours or more) and money....They have EARNED it.

noego, you make sense to me. sounds like you walk the walk!
one thing i would add is "They'" have lost a bundle...more than once.

how about an informal poll of all those who make their living trading?
all forms, day, swing, position, investors, speculators, market makers, gamblers. hedge managers...
anybody out there?

[Mysticforex]

Originally Posted by peterjerome »

noego, you make sense to me. sounds like you walk the walk!
one thing i would add is "They'" have lost a bundle...more than once.

how about an informal poll of all those who make their living trading?
all forms, day, swing, position, investors, speculators, market makers, gamblers. hedge managers...
anybody out there?

Your wish is my command.